DAILY BRIEFING: GlaxoSmithKline among firms expected to announce billions of pounds of investment in UK

INDUSTRIAL DOSE British drug maker GlaxoSmithKline is expected to be among firms announcing billions of pounds of investment with the Government this week as part of a new national industrial strategy.

BUYING IN Brexit is not stopping shoppers from hitting the high street, a Deloitte study shows. It said people were more concerned about the NHS and the economy. But almost half expect prices to rise.

TOY STORY The UK holding company of Toys ‘R’ Us wrote off £584.5million in loans to a firm called TRU (BVI) Finance 11 Ltd, registered in the British Virgin Islands. Toys ‘R’ Us is this week expected to announce the closure of a quarter of its 105 British stores.

The drug giant is expected to be among the companies announcing investments in the UK

COINING IT Twins who once sued Facebook founder Mark Zuckerberg, claiming he stole their idea, have become the world’s first Bitcoin billionaires. After Tyler and Cameron Winklevoss invested £8million in 100,000 of the digital currency units four years ago, they are now thought to be worth more than £743million – or $1billion.

SHARES TAPPED Utility firm Yorkshire Water is to be sold for around £4billion. Deutsche Bank and Corsair Capital, which own more than half the firm, are preparing to sell their stakes.